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Hoboken Municipal Hospital Authority Introduces FY2010 Budget

Wednesday evening the Hoboken Municipal Hospital Authority introduced the budget for FY2010. The budget provides a strong operating base for the hospital.

Mayor Dawn Zimmer said “This budget represents another step in putting the Hospital on the path to privatization. The City’s takeover of the Hospital in 2007 was meant to be a short term measure to maintain hospital services in Hoboken. The Hoboken Municipal Hospital Authority is actively pursuing strategic alternatives to transition the hospital to private ownership. This realistic budget, a more rigorous external audit process already underway, the formation of two new Authority Committees – Compliance and Audit, and Strategic Planning and Government Relations, the appointment of five new Authority Board members, and the continued exemplary cooperation and hard work of the hospital management team, medical staff and employees have repositioned the Hospital so the privatization process can be considered.”

Recently elected Hospital Authority Chairperson Toni Tomarazzo noted “This budget is the combined efforts of hospital management and the Authority and exemplifies a strong collaborative working relationship that will enhance the operations and reputation of the hospital”.

Hospital CEO Spiros Hatiras said: “This budget and the privatization initiative together represent a real turning point for the Hospital. They give reassurance to the staff, our doctors, and the community that every effort is being made to maintain health care in the City of Hoboken.”